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Print - 2018-10-29
Republic Day celebrations: Trump turns down Indian invitation

Republic Day celebrations: Trump turns down Indian invitation

US President Donald Trump has turned down the Indian invitation to be the chief guest at the Republic Day celebrations to be held on January 26 next year, Aaj News reported on Saturday. The formal letter from US has reached Indian Prime Minister Narendra
Published 29 Oct, 2018 12:00am
At least 17 killed as coaster plunges into deep ditch

At least 17 killed as coaster plunges into deep ditch

At least 17 passengers were killed when a coaster travelling through Shahrah-e-Karakoram plunged into a deep ditch late Saturday. Aaj News reported that the passenger coaster that began travelling from Ghizar was passing through Shahrah-e-Karakoram to rea
Published 29 Oct, 2018 12:00am
At least 17 killed as coaster plunges into deep ditch

At least 17 killed as coaster plunges into deep ditch

At least 17 passengers were killed when a coaster travelling through Shahrah-e-Karakoram plunged into a deep ditch late Saturday. Aaj News reported that the passenger coaster that began travelling from Ghizar was passing through Shahrah-e-Karakoram to rea
Published 29 Oct, 2018 12:00am
IMF conditionalities: ex-finance ministers express different views

IMF conditionalities: ex-finance ministers express different views

Two former finance ministers - Dr Hafiz pasha and Dr Salman Shah expressed widely different views with respect to rigidity (or not) of International Monetary Fund (IMF) conditionalities based on the size of loan. IMF conditionalities are standard and are
Published 29 Oct, 2018 12:00am
IMF conditionalities: ex-finance ministers express different views

IMF conditionalities: ex-finance ministers express different views

Two former finance ministers - Dr Hafiz pasha and Dr Salman Shah expressed widely different views with respect to rigidity (or not) of International Monetary Fund (IMF) conditionalities based on the size of loan. IMF conditionalities are standard and are
Published 29 Oct, 2018 12:00am
IMF conditionalities: ex-finance ministers express different views

IMF conditionalities: ex-finance ministers express different views

Two former finance ministers - Dr Hafiz pasha and Dr Salman Shah expressed widely different views with respect to rigidity (or not) of International Monetary Fund (IMF) conditionalities based on the size of loan. IMF conditionalities are standard and are
Published 29 Oct, 2018 12:00am
India: Direct tax statistics

India: Direct tax statistics

Continuing the practice of placing key statistics relating to direct tax collections and administration in public domain, the Central Board of Direct Taxes has further released time-series data as updated up to FY 2017-18 and income-distribution data for
Published 29 Oct, 2018 12:00am
India: Direct tax statistics

India: Direct tax statistics

Continuing the practice of placing key statistics relating to direct tax collections and administration in public domain, the Central Board of Direct Taxes has further released time-series data as updated up to FY 2017-18 and income-distribution data for
Published 29 Oct, 2018 12:00am
India: Direct tax statistics

India: Direct tax statistics

Continuing the practice of placing key statistics relating to direct tax collections and administration in public domain, the Central Board of Direct Taxes has further released time-series data as updated up to FY 2017-18 and income-distribution data for
Published 29 Oct, 2018 12:00am
Saudis vow 'complete' probe of Khashoggi murder: Mattis

Saudis vow 'complete' probe of Khashoggi murder: Mattis

Saudi Arabia has promised a "full" investigation into the killing of journalist Jamal Khashoggi, US Defence Secretary Jim Mattis said Sunday following talks with Saudi Foreign Minister Adel al-Jubeir in Bahrain.
Published 29 Oct, 2018 12:00am
Saudis vow 'complete' probe of Khashoggi murder: Mattis

Saudis vow 'complete' probe of Khashoggi murder: Mattis

Saudi Arabia has promised a "full" investigation into the killing of journalist Jamal Khashoggi, US Defence Secretary Jim Mattis said Sunday following talks with Saudi Foreign Minister Adel al-Jubeir in Bahrain.
Published 29 Oct, 2018 12:00am
Arab Security Alliance to be formed by next year: Bahraini FM

Arab Security Alliance to be formed by next year: Bahraini FM

Bahraini Foreign Minister Khalid bin Ahmed Al Khalifa has said that the planned Gulf security alliance, expected to include Egypt, and will be formed by next year. Aaj News reported Saturday that Khalifa expressed these views at a security summit in Bahra
Published 29 Oct, 2018 12:00am
Arab Security Alliance to be formed by next year: Bahraini FM

Arab Security Alliance to be formed by next year: Bahraini FM

Bahraini Foreign Minister Khalid bin Ahmed Al Khalifa has said that the planned Gulf security alliance, expected to include Egypt, and will be formed by next year. Aaj News reported Saturday that Khalifa expressed these views at a security summit in Bahra
Published 29 Oct, 2018 12:00am
Facilitating home remittances

Facilitating home remittances

The present government is also trying to increase the level of home remittances to reduce the current account deficit of the country. In order to further facilitate overseas Pakistanis, the Prime Minister has now allowed the SBP and its authorised dealers
Published 29 Oct, 2018 12:00am
Recurring child abuse scandals

Recurring child abuse scandals

Yet another case of child sexual abuse has come to light - this time in two villages of Punjab's Okara district. According to a press report, the accused, a local influential, had preyed upon more than a dozen children until one of his victims, a class 9
Published 29 Oct, 2018 12:00am
The Saudi bailout package
Currency

The Saudi bailout package

Prime Minister Imran Khan's extremely successful second visit to Saudi Arabia should be hailed by all as it has averted an economic crisis that loomed large on the horizon given the country's need for 10 to 12 billion dollars in the remaining nine months
Published 29 Oct, 2018 12:00am
Curious case of a professor's accountability

Curious case of a professor's accountability

The sight of an intellectual in chains is painful. Few days ago the social and electronic media went aghast at the visuals of a couple of high profile university professors being chained and taken to court by NAB on corruption charges. It became the top t
Published 29 Oct, 2018 12:00am
Yemen still invisible as Khashoggi murder comes to light

Yemen still invisible as Khashoggi murder comes to light

The murder of Saudi journalist Jamal Khashoggi has triggered a diplomatic and public relations crisis for Saudi Arabia, but little may change for the victims of the Yemen war. On Wednesday, at least 24 civilians were killed in strikes on Yemen's Hodeida p
Published 29 Oct, 2018 12:00am
Dealing with anti-CPEC propaganda

Dealing with anti-CPEC propaganda

Rear Admiral Javaid Iqbal has made it clear that the Gwadar port has no military overtones. He has also pointed out that China has not asked for military access to Chinese-funded, deepwater port of Gwadar.
Published 29 Oct, 2018 12:00am
Afridi slams Indian Army chief's statement

Afridi slams Indian Army chief's statement

State Minister for Interior Shehryar Afridi Sunday said that the statement of Indian Army Chief is unacceptable, irresponsible and unethical for chances of improvement in bilateral relations between Pakistan and India. While talking to a private news chan
Published 29 Oct, 2018 12:00am
CCP to pursue T&TS implementation process

CCP to pursue T&TS implementation process

The Competition Commission of Pakistan (CCP) will continue to pursue the matter of smooth implementation of Track & Trace System (T&TS) by the Federal Board of Revenue (FBR) through awarding the contract to successful bidder in a fair and transparent mann
Published 29 Oct, 2018 12:00am
India violated division formula of sub-continent: JI leader

India violated division formula of sub-continent: JI leader

Secretary General, Jamaat-e-Islami, Liaqat Baloch, has said that India had violated the formula of the division of the sub-continent by unlawfully occupying Kashmir at the time of partition and the Kashmiris were protesting against that for the last seven
Published 29 Oct, 2018 12:00am
CPNE urges Sindh government to ensure early payment of ad dues
Currency

CPNE urges Sindh government to ensure early payment of ad dues

The Council of Pakistan Newspaper Editors (CPNE) has strongly demanded of Sindh Chief Minister Syed Murad Ali Shah, his Adviser on Information Barrister Murtaza Wahab and Information Secretary Abdul Rasheed Solangi to ensure immediate payment of longstand
Published 29 Oct, 2018 12:00am
Traders oppose food street's plan at Ghanta Ghar

Traders oppose food street's plan at Ghanta Ghar

Traders and dwellers around Ghanta Ghar (Clock Tower) have opposed setting up of foods street in the heritage trail and warned to agitate against the government in case it initiated work on its plan without taking them on board in this regard.
Published 29 Oct, 2018 12:00am
SEASPARK 2018: Naval chief reviews Pak Marines formations at Sir Creek

SEASPARK 2018: Naval chief reviews Pak Marines formations at Sir Creek

Chief of the Naval Staff Admiral Zafar Mahmood Abbasi visited forward posts of Pak Marines along Sir Creek to review the Pak Marines formations during major maritime exercise SEASPARK 2018. Upon arrival at different posts in the creeks area, Chief of the
Published 29 Oct, 2018 12:00am
KP CM for banning males entry into girls' schools

KP CM for banning males entry into girls' schools

Khyber Pakhtunkhwa Chief Minister Mahmood Khan has directed his adviser on education to ensure exemplary educational environment in the girls' schools throughout the province. "There should be a complete ban on the male entry into the girls schools and th
Published 29 Oct, 2018 12:00am
MCAT paper's leakage termed 'rumour'

MCAT paper's leakage termed 'rumour'

National Testing Service (NTS) Regional Director Hassan Rizvi on Sunday categorically dismissed rumours about leakage of paper for Medical College Admission Test (MCAT). He stated old posts are being circulating on social and electronic media.
Published 29 Oct, 2018 12:00am
President jettisons reports of Israeli plane's landing at IIA

President jettisons reports of Israeli plane's landing at IIA

President Dr Arif Alvi on Sunday dismissed reports of an Israeli business jet's landing at Islamabad International Airport, asserting that Pakistan will not establish ties with Israel. Talking to journalists before his departure to Turkey on a three-day v
Published 29 Oct, 2018 12:00am
NA speaker rejects reports about madressahs' syllabus

NA speaker rejects reports about madressahs' syllabus

National Assembly Speaker Asad Qaiser on Sunday said that a new syllabus is not being introduced in madrassahs. Speaking to the media in Panjpir area of Swabi, the National Assembly speaker said, "We imposed that the Holy Quran be taught with translation
Published 29 Oct, 2018 12:00am
Parliamentarians of 28 countries to attend APA in Gwadar today: Sanjrani

Parliamentarians of 28 countries to attend APA in Gwadar today: Sanjrani

Chairman of Senate, Sadiq Sanjrani on Sunday said over 100 parliamentarians from 28 countries, including Iran, Saudi Arabia, Bangladesh, and France, were participating in the Asia Parliamentary Assembly (APA) meeting to be held today (Oct 29) at Gwadar on
Published 29 Oct, 2018 12:00am
Urs celebrations of Data Ganj Bakhsh begin

Urs celebrations of Data Ganj Bakhsh begin

Chief Justice of Supreme Court Mian Saqib Nisar on Sunday inaugurated the three day 975th annual Urs celebrations of Hazrat Ali bin Usman Al-Hajveri, popularly known as Hazrat Data Ganj Bakhsh by laying a Chaddar at the Mazar of the tenth century saint. T
Published 29 Oct, 2018 12:00am
HCSTSI rejects raise in power tariff

HCSTSI rejects raise in power tariff

The office-bearers of Hyderabad Chamber of Small Traders and Small Industry (HCSTSI) have rejected the increase in the electricity tariff from the federal cabinet adding that it would badly affect the country's economy. President HCSTSI Muhammad Farooq Sh
Published 29 Oct, 2018 12:00am
Mayor seeks progress report on ADP schemes

Mayor seeks progress report on ADP schemes

Mayor Karachi Waseem Akhtar has asked all the departmental heads of Karachi Metropolitan Corporation (KMC) to submit progress report on their respective development projects after every 15 days till their completion.
Published 29 Oct, 2018 12:00am
Punjab to have two-tier LG system: Sarwar
Cotton

Punjab to have two-tier LG system: Sarwar

Punjab Governor Chaudhry Muhammad Sarwar Sunday said a two-tier local government (LG) system was in the offing in the province while no decision had so far been taken about the tenure of institutions. "The government has decided to introduce village counc
Published 29 Oct, 2018 12:00am
Ban on Indian contents: JI leader hails CJP's order

Ban on Indian contents: JI leader hails CJP's order

Deputy Chief of the Jamaat-e-Islami, Dr Farid Ahmed Piracha, has welcomed the order of the Chief Justice of the Supreme Court banning presentation of Indian content at the Pakistani TV channels and has said that the country's media must be made to abide b
Published 29 Oct, 2018 12:00am
Notice served: FBR identifies Imran's sister as benamidar of property

Notice served: FBR identifies Imran's sister as benamidar of property

Federal Investigation Agency (FIA) has identified Aleema Khanum-sister of Prime Minister Imran Khan-as benamidar of property whereas a notice in this regard has been served through both email and post. The development came to light as FIA submitted before
Published 29 Oct, 2018 12:00am
Public transporters demand higher fares

Public transporters demand higher fares

Transport owners operating their vehicles for schools, colleges and offices have begun pressing their clients to pay increased charges on the pretext of hike in CNG price. They argued that since the government had soared fuel price it became impossible fo
Published 29 Oct, 2018 12:00am
Hazara, Malakand divisions termed ideal for trout farming

Hazara, Malakand divisions termed ideal for trout farming

The hilly districts of Hazara and Malakand Division have low temperatures regimes and bountiful resources that offer tremendous scope for trout farming and recreational fisheries. The trout fish sub sector has to a large extent pioneered aquaculture devel
Published 29 Oct, 2018 12:00am
Pakistan signs EXPO-2020 participation contract with UAE

Pakistan signs EXPO-2020 participation contract with UAE

Pakistan Sunday formally signed participation contract with the EXPO-2020 authorities at the Ministry of Foreign Affairs and International Cooperation, Abu Dhabi. The contract was signed by Ambassador of Pakistan to UAE Moazzam Ahmed Khan, in his capacity
Published 29 Oct, 2018 12:00am
Government approves 17 mega health projects for South Punjab

Government approves 17 mega health projects for South Punjab

The Punjab government has approved 17 mega health sector projects at the cost of Rs 2.23 billions including Nishter-2 in Multan to provide latest medical facilities to the people of south Punjab. Funds have been provided to complete 10 on-going health pro
Published 29 Oct, 2018 12:00am
PSP's Raza Haroon meets Ishratul Ebad in UK

PSP's Raza Haroon meets Ishratul Ebad in UK

Pak Sarzameen Party (PSP) leader Raza Haroon Sunday held an important meeting with former Sindh governor Dr Ishratul Ebad in London. The sources, aware of the development, said the two discussed the prevailing political situation in Sindh and agreed to en
Published 29 Oct, 2018 12:00am
GCU Lahore signs two accords with CTGU

GCU Lahore signs two accords with CTGU

The Government College University Lahore has signed two agreements and a memorandum of understanding with the China Three Gorges University (CTGU), Yichang. The significance the MOU is to set up a special Winter School for Chinese students every year in L
Published 29 Oct, 2018 12:00am
Mushahid highlights Pakistan's sacrifices in anti-terror fight

Mushahid highlights Pakistan's sacrifices in anti-terror fight

Chairman, Senate Foreign Affairs Committee & Vice Chairman of International Conference of Asian Political Parties (ICAPP), Senator Mushahid Hussain while speaking at the 10th General Assembly of ICAPP here highlighted Pakistan's sacrifices in the campaign
Published 29 Oct, 2018 12:00am
President Alvi accorded warm welcome in Istanbul

President Alvi accorded warm welcome in Istanbul

President Dr Arif Alvi on Sunday arrived in Istanbul on a three-day visit to Turkey at the invitation of his Turkish counterpart Recep Tayyip Erdogan. He was received by Deputy Governor Istanbul, Pakistan's Ambassador to Turkey Syrus Sajjad Qazi and other
Published 29 Oct, 2018 12:00am
FY17-18: PMEX posts Rs 41 million profit after tax

FY17-18: PMEX posts Rs 41 million profit after tax

Pakistan Mercantile Exchange Limited (PMEX), the country's only multi-commodity futures exchange, has posted the highest profit after tax in FY17-18, since commencement of operations in 2007. The Exchange earned profit after tax of PKR41 million for the F
Published 29 Oct, 2018 12:00am
Prices of essential kitchen items witness mixed trend

Prices of essential kitchen items witness mixed trend

A mixed trend in prices of essential food commodities, including vegetable, pulses, kitchen meat, flour, sugar and others, was witnessed in local market, said in a survey conducted by Business Recorder here on Sunday. Price of chicken meat has incr
Published 29 Oct, 2018 12:00am
Sherpao calls for expediting reforms process in Fata

Sherpao calls for expediting reforms process in Fata

Qaumi Watan Party (QWP) Chairman Aftab Ahmad Khan Sherpao on Sunday urged the government to introduce reforms in the erstwhile Federally Administered Tribal Areas (Fata) to expedite the merger process. However, he said the federal government was not serio
Published 29 Oct, 2018 12:00am
PSO supports LUMS' National Outreach Programme

PSO supports LUMS' National Outreach Programme

As part of its efforts towards ensuring the social development of Pakistan through quality education, PSO CSR Trust entered into an agreement with the Lahore University of Management Sciences (LUMS) for the sponsorship of six deserving scholars currently
Published 29 Oct, 2018 12:00am
We cannot print US$ - II
Cotton

We cannot print US$ - II

There is a need to understand the core issue of shortage of USD or excess of imports over exports. The primary cause, in this writer's view, is short-term, ad-hoc economic decisions adopted for political expediency since 1947. In other words, an unstable
Published 29 Oct, 2018 12:00am
FBR vs FTO: President directed to take into account law laid down by LHC

FBR vs FTO: President directed to take into account law laid down by LHC

Lahore High Court (LHC) has directed the President to take into account the law laid down by the LHC at the time of passing decision on the representation filed by the Federal Board of Revenue (FBR) against the decision of Federal Tax Ombudsman (FTO). It
Published 29 Oct, 2018 12:00am
Omni Group chairman's son released

Omni Group chairman's son released

Federal Investigation Agency (FIA) on Sunday released Omni Group chairman's son Namar Majeed on court's directives. The officials stated that Namar had been taken into custody for 'interrogation only' in a case pertaining to sugar stocks disappearing from
Published 29 Oct, 2018 12:00am
Palestinian president vows to thwart Trump peace plan

Palestinian president vows to thwart Trump peace plan

Palestinian president Mahmud Abbas on Sunday again vowed to oppose any peace proposal by US President Donald Trump as PLO officials met to consider their next moves. Speaking at the opening of a rare meeting of the Palestinian Liberation Organization's ce
Published 29 Oct, 2018 12:00am
Zika virus detected in second Indian state

Zika virus detected in second Indian state

India's Zika outbreak is spreading, with officials saying Sunday that the mosquito-borne virus has been detected in the western state of Gujarat after nearly 150 cases were reported this year in neighbouring Rajasthan. Health authorities in Gujarat said a
Published 29 Oct, 2018 12:00am
Czech PM calls US threat to drop nuclear treaty 'bad news'

Czech PM calls US threat to drop nuclear treaty 'bad news'

Czech Prime Minister Andrej Babis on Sunday expressed surprise at a US threat to withdraw from a Cold War-era nuclear treaty with Russia, calling the development "bad news". "For us it's a completely new matter and it's definitely a bad news if that is th
Published 29 Oct, 2018 12:00am
Russia not helping to stabilise Central African Republic: France

Russia not helping to stabilise Central African Republic: France

Russia's expanding influence in Central African Republic (CAR), a former French colony, over the past months is not likely to stabilise the country, French Defense Minister Florence Parly told weekly Jeune Afrique. In December 2017, Russia obtained the go
Published 29 Oct, 2018 12:00am
With border open, Jordanians visit Syria for first time in years

With border open, Jordanians visit Syria for first time in years

Jordanians are flocking to the Syrian capital Damascus for the first time in years for tourism and trade after the reopening of a border crossing that had been closed through years of war. The border opened to people and goods on October 15, restoring a r
Published 29 Oct, 2018 12:00am
Syria reopens Damascus antiquities museum

Syria reopens Damascus antiquities museum

Syria reopened a wing of the capital's famed antiquities museum on Sunday after six years of closure to protect its exhibits from rebel rocket fire in the civil war. Officials swung open the large wooden door of the building in central Damascus for the fi
Published 29 Oct, 2018 12:00am
Gabon official websites hacked

Gabon official websites hacked

The Anonymous hackers collective on Sunday claimed it hacked into the websites of more than 70 Gabon government sites, saying its action targeted dictatorships. Government sites including the ministries of communications and the civil service were inacces
Published 29 Oct, 2018 12:00am
Merkel party hammered in key regional vote

Merkel party hammered in key regional vote

The parties of German Chancellor Angela Merkel's right-left "grand coalition" took a beating Sunday, strengthening fears that the second tough regional election in as many weeks could threaten the alliance's survival. After allowing more than one million
Published 29 Oct, 2018 12:00am
Chinese privately developed rocket fails to reach orbit

Chinese privately developed rocket fails to reach orbit

A privately developed Chinese carrier rocket failed to reach orbit after lifting off from Jiuquan Satellite Launch Center on Saturday, in a blow to the country's nascent attempts by private companies to rival Elon Musk's SpaceX. The three-stage rocket, Zh
Published 29 Oct, 2018 12:00am
Boko Haram jihadists attack military base in NE Nigeria

Boko Haram jihadists attack military base in NE Nigeria

Boko Haram jihadists launched a large assault on a military base in Nigeria's remote northeast region and killed one soldier, defence officials said Sunday. The attack on 145 Battalion in Gashigar, Borno State, began on Saturday and continued into early S
Published 29 Oct, 2018 12:00am
Children dying of Ebola at unprecedented rate in Congo

Children dying of Ebola at unprecedented rate in Congo

Children in eastern Democratic Republic of Congo are dying from Ebola at an unprecedented rate due largely to poor sanitary practices at clinics run by traditional healers, the health ministry said on Sunday. The impact on children has been felt acutely i
Published 29 Oct, 2018 12:00am
eSwatini king appoints MTN executive as prime minister

eSwatini king appoints MTN executive as prime minister

eSwatini's King Mswati has appointed Ambrose Dlamini, chief executive of the local unit of telecoms group MTN, as new prime minister of the southern African kingdom, local media reported. Mswati is Africa's last absolute monarch and has tight political co
Published 29 Oct, 2018 12:00am
Cameroon opposition militiants freed

Cameroon opposition militiants freed

Cameroon authorities have released around 50 opposition supporters detained in Douala, but also arrested others on Sunday in Yaounde, their party said. "They were freed," a member of Maurice Kamto's party, Movement for the Rebirth of Cameroon (MRC) told A
Published 29 Oct, 2018 12:00am
Thailand's biggest party elects leaders as it gears up for election

Thailand's biggest party elects leaders as it gears up for election

The party of Thailand's former premier - who was toppled by the military - chose its leaders Sunday and said it is "confident of success" ahead of a much-anticipated election promised for February. Pheu Thai, which backed ousted premier Yingluck Shinawatr
Published 29 Oct, 2018 12:00am
Rock star reception as Harry and Meghan start last leg of Pacific tour

Rock star reception as Harry and Meghan start last leg of Pacific tour

Prince Harry and Meghan arrived in Wellington on Sunday to a traditional Maori welcome, an official reception disrupted by a fire alarm and a rock star reception during a public walkabout. The Duke and Duchess of Sussex are on the last leg of a 16-day, fo
Published 29 Oct, 2018 12:00am
Microsoft to keep Pentagon bid amid ethics concerns

Microsoft to keep Pentagon bid amid ethics concerns

Microsoft said Friday it is prepared to provide its technology to the US military, including for a massive cloud computing project, despite ethics concerns among some of its employees and others in Silicon Valley. "All of us who live in this country depen
Published 29 Oct, 2018 12:00am
New US-bound group of migrants leaves in San Salvador

New US-bound group of migrants leaves in San Salvador

A new group of migrants gathered and left from the capital of El Salvador on Sunday, headed for the United States after thousands of other Central Americans began similar journeys in recent weeks, angering US President Donald Trump. The group of more than
Published 29 Oct, 2018 12:00am
Spain smashes ring that made Romanians beg as human statues

Spain smashes ring that made Romanians beg as human statues

Spanish police said on Sunday they had smashed a trafficking ring which brought Romanians, many of them with disabilities, to Spain where they were forced to beg in the streets dressed as mimes and human statues. Officers arrested three suspected members
Published 29 Oct, 2018 12:00am
Nigeria and Benin make a new break for the border

Nigeria and Benin make a new break for the border

Nigeria's southwestern border with Benin is notoriously chaotic. Travellers and traders battle corrupt officials, hawkers and buzzing moto-taxis just to get to the other side. But a new crossing point has sprung up near the well-worn dirt tracks and roads
Published 29 Oct, 2018 12:00am
Winning numbers for Powerball's $688 million jackpot drawn

Winning numbers for Powerball's $688 million jackpot drawn

Are you a newly minted millionaire? The winning numbers for the estimated $687.8 million Powerball jackpot, the fourth largest in the lottery's history, were drawn Saturday night. The numbers are 8, 12, 13, 19, 27 and Powerball of 04. Two winning tickets
Published 29 Oct, 2018 12:00am
Yemen's infants face starvation as war rages on

Yemen's infants face starvation as war rages on

Ahmed Hassan is only a few months old, but his emaciated frame twitches as he cries in pain when Yemeni doctors gently place him on a scale. He is starving. In the next room, nurses make baby formula by the pitcher, filling syringes to ration a portion fo
Published 29 Oct, 2018 12:00am
Africa rebounding, but must prepare for future: IMF

Africa rebounding, but must prepare for future: IMF

Africa's GDP growth is rising but it must do more to solidify a fragile recovery and prepare for major disruptions in the global economy, the International Monetary Fund's top official for Africa said. Economic growth in sub-Saharan Africa is on track to
Published 29 Oct, 2018 12:00am
Exchange operator Nasdaq's profit falls 4 percent
Currency

Exchange operator Nasdaq's profit falls 4 percent

US exchange operator Nasdaq Inc reported a 4.1 percent fall in quarterly profit on Wednesday, as increasing trading volumes were offset by higher expenses and one-time charges. Stock market volatility in the third quarter due to uncertainty around the US-
Published 29 Oct, 2018 12:00am
Inside S&P 500, most stocks in correction or bear market

Inside S&P 500, most stocks in correction or bear market

The S&P 500 may not yet be in correction territory, but the vast majority of the index's components have already gotten there. Spooked by fears of a slowing Chinese economy and the effects of tariffs after weak quarterly reports from Caterpillar Inc and 3
Published 29 Oct, 2018 12:00am
China money rates fall
Currency

China money rates fall

China's money market rates fell this week as the central bank conducted its largest weekly liquidity injection in three months ahead of a cash squeeze from tax payments and as regulators supported lending to private firms amid plunging stock markets. The
Published 29 Oct, 2018 12:00am
Asahi Life raises non-US bond holdings by 170 billion yen
Currency

Asahi Life raises non-US bond holdings by 170 billion yen

Japan's Asahi Mutual Life Insurance Co raised its foreign bonds investment to 170 billion yen from initially planned 100 billion yen for this fiscal year amid a low-yield domestic environment, a senior company executive said on Tuesday. "We expected that
Published 29 Oct, 2018 12:00am
Asahi Life raises non-US bond holdings by 170 billion yen
Currency

Asahi Life raises non-US bond holdings by 170 billion yen

Japan's Asahi Mutual Life Insurance Co raised its foreign bonds investment to 170 billion yen from initially planned 100 billion yen for this fiscal year amid a low-yield domestic environment, a senior company executive said on Tuesday. "We expected that
Published 29 Oct, 2018 12:00am
Saudi index consolidates as Abu Dhabi outperforms mixed Gulf

Saudi index consolidates as Abu Dhabi outperforms mixed Gulf

Saudi Arabia's stock market consolidated recent gains to close lower on Sunday, while other regional markets were mixed. Saudi's main index lost 0.4 percent having ended the previous day's trading at its highest level in two weeks. Blue chip Saudi Basic I
Published 29 Oct, 2018 12:00am
Foreigners sold Japanese stocks for second straight week

Foreigners sold Japanese stocks for second straight week

Foreigners were net sellers of Japanese stocks for a second consecutive week in the week ending on October 19, as shares fell on rising US yields and concerns around slowing growth in China. Last week, overseas investors sold a net 1.12 trillion yen ($9.9
Published 29 Oct, 2018 12:00am
Lloyds offers shareholders a binary Brexit dare

Lloyds offers shareholders a binary Brexit dare

Strong, simple banks should attract a premium valuation. That, at least, is the conventional wisdom. Alas, despite its straightforward retail offering and rock-solid balance sheet, being mundane has not saved Lloyds Banking Group from a 16 percent share s
Published 29 Oct, 2018 12:00am
Hyundai Motor Company's Q3 profit plunges by two-thirds

Hyundai Motor Company's Q3 profit plunges by two-thirds

Hyundai Motor Co's third-quarter net profit plunged by a shocking two-thirds, hit by a $440 million one-off charge related to US recalls and sending its shares tumbling to near nine-year-lows on Thursday. The unexpected costs relating to Hyundai's engine
Published 29 Oct, 2018 12:00am
Hyundai Motor Company's Q3 profit plunges by two-thirds

Hyundai Motor Company's Q3 profit plunges by two-thirds

Hyundai Motor Co's third-quarter net profit plunged by a shocking two-thirds, hit by a $440 million one-off charge related to US recalls and sending its shares tumbling to near nine-year-lows on Thursday. The unexpected costs relating to Hyundai's engine
Published 29 Oct, 2018 12:00am
RBS sets $128 million aside to cover Brexit uncertainty

RBS sets $128 million aside to cover Brexit uncertainty

Royal Bank of Scotland has taken a 100 million pound ($128 million) impairment provision to account for greater economic uncertainty in the first concrete sign Brexit is clouding the outlook of a big British bank. The provision means RBS is concerned that
Published 29 Oct, 2018 12:00am
Verizon beats Wall Street estimates for profit

Verizon beats Wall Street estimates for profit

Verizon Communications Inc on Tuesday beat Wall Street estimates for profit and net new phone subscribers, helped by the popularity of its promotional offers subsidizing Apple Inc's latest iPhones. The largest US wireless carrier knocked up to $750 off th
Published 29 Oct, 2018 12:00am
Verizon beats Wall Street estimates for profit

Verizon beats Wall Street estimates for profit

Verizon Communications Inc on Tuesday beat Wall Street estimates for profit and net new phone subscribers, helped by the popularity of its promotional offers subsidizing Apple Inc's latest iPhones. The largest US wireless carrier knocked up to $750 off th
Published 29 Oct, 2018 12:00am
Halliburton Co's Q3 profit edges past estimates

Halliburton Co's Q3 profit edges past estimates

Oilfield services provider Halliburton Co's third-quarter profit edged past analysts' estimates on Monday, helped by its international business, even as pipeline bottlenecks in North America led to fewer well completions.
Published 29 Oct, 2018 12:00am
Halliburton Co's Q3 profit edges past estimates

Halliburton Co's Q3 profit edges past estimates

Oilfield services provider Halliburton Co's third-quarter profit edged past analysts' estimates on Monday, helped by its international business, even as pipeline bottlenecks in North America led to fewer well completions.
Published 29 Oct, 2018 12:00am
Xerox falls short on revenue

Xerox falls short on revenue

Xerox Corp, engaged in a tense standoff with Fujifilm Holdings Corp over an aborted merger, missed analysts' estimates for quarterly revenue on Tuesday, as corporates cut back spending on printers and photocopiers. In the first full quarter under new mana
Published 29 Oct, 2018 12:00am
Xerox falls short on revenue

Xerox falls short on revenue

Xerox Corp, engaged in a tense standoff with Fujifilm Holdings Corp over an aborted merger, missed analysts' estimates for quarterly revenue on Tuesday, as corporates cut back spending on printers and photocopiers. In the first full quarter under new mana
Published 29 Oct, 2018 12:00am
Deutsche Bank swings to profit in 2018 despite steep Q3 drop

Deutsche Bank swings to profit in 2018 despite steep Q3 drop

Deutsche Bank on Wednesday said that it was on track to swing to a profit this year, its first since 2014, despite a steep decline in third quarter profit as it restructures under new leadership. Germany's flagship lender is trying to bounce back from thr
Published 29 Oct, 2018 12:00am
Deutsche Bank swings to profit in 2018 despite steep Q3 drop

Deutsche Bank swings to profit in 2018 despite steep Q3 drop

Deutsche Bank on Wednesday said that it was on track to swing to a profit this year, its first since 2014, despite a steep decline in third quarter profit as it restructures under new leadership. Germany's flagship lender is trying to bounce back from thr
Published 29 Oct, 2018 12:00am
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